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- đ§ The rich have this in common
đ§ The rich have this in common
and how you can use it to your advantage
Welcome to reThinkable - my weekly newsletter where I share actionable insights to build a wealthier and healthier life.
Itâs starting to get chilly in NYC and Iâm not a fan. I donât know about you, but for me, the cold weather makes it 103x harder to get out of bed in the morning.
Hereâs what weâre covering today:
đ°The wealthy have this in common
đȘThe Ladders of Wealth Creation
đ How to level up
Estimated read time: 4 minutes and 12 seconds
đ°The wealthy have this in common
I came across Forbesâ list of wealthiest people on a blog post and I noticed something interestingâŠ

Most of these people became wealthy by identifying a problem, solving it, and then selling the solution. In short⊠entrepreneurs.
This got me thinking about how an everyday person goes from:
Working for someone else to becoming your own boss aka âThe Ladders of Wealth Creationâ
đȘThe Ladders of Wealth Creation
The Ladders of Wealth Creation details the skills needed and potential earnings at each level. As your skills improve, you climb the ladder going from employee to business owner, which naturally increases your potential earnings.

Level 1 - Time for Money
At this level, how much you make is completely dependent on your time, such as:
Working a traditional salary job
Working a traditional hourly job
Essentially, youâre trading your time for money and have very limited flexibility. Most people are fine being at this level. It works for them and itâs a steady paycheck.
But if youâre not fine being stuck here (85% of employees hate their jobs according to Gallup World Poll), youâll want to quickly upgrade your skills to climb to the next step.
Level 2 - Service Business / Self Employed
At this level, youâre still swapping time for money, but youâre your own boss. You can decide to work yourself to death or just take it chill, such as:
Charging $50 an hour for creating landing pages for businesses
A teacher charging $20 an hour for private lessons
Many people enjoy this level because itâs more flexible but the downside is, youâre still spending a lot of time working and you donât have any financial security. You donât have a steady paycheck and you always need to look for your next client.
Level 3 - Productionized Service
At this level, youâre no longer trading your time for money. You might still sell a service but you have a team to help out or youâve used AI to automate some of your tasks.
The beauty of this is you can earn money even when youâre not actively working, such as:
Charging businesses $3000 for creating the whole landing page, and having your team build it
Do-it-for-you automation integrations for other businesses
Level 3 sounds like a pretty great place to be but wait until you see Level 4âŠ
Level 4 - Selling Products:
Level 4 is the big league where true wealth creation lies. At this level, you create a product and can easily replicate it with little to no extra work. Hereâs what I mean:
At the previous level, you and your team might build a website for a client for $3,000 but you might only have the time and energy to work with 2 clients each month.
But at this level, you create a scalable digital product that you can sell for years to come, such as:
A landing page expert creates a high ticket course that sells for $4000 each
P.S. An educational YouTube channel is a great example of this. You can create a video once and it can still generate views and conversions years down the line. If you want to learn how to strategically start an educational YouTube channel and turn it into an income-generating machine, reply to this email with âYouTube.â
đ How to level up
Jumping to the next ladder might seem easy on paper, but it takes work and effort.
Each level builds on the previous one. The skills you learn in Level 2 will be used at Level 4. Thatâs why itâs important to know to correctly move up the ladder. There are 2 common mistakes I often see people make:
They run too fast
Many people struggle to succeed because theyâre impatient. They want it all, and they want it now. But if you immediately jump from Level 1 to Level 3, itâs similar to starting a video game on âExpertâ difficulty your first time playing.
When itâs too challenging too quickly, youâll tend to want to quit. Take it slow and enjoy the process. But at the same timeâŠ
Donât stay too long at any level
Donât get too comfortable at where youâre currently at.
The unfortunate truth is comfort is where all dreams go to die. Once you feel confident and ready to move onto the next level, do it.
Always be learning, growing and moving forward.
đ Think More
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đ Compare 80 countries: How much of your salary does an iPhone 15 cost?
đ„Č Speaking of 9-5's, fewer people are hanging out after work
đ reThinkable Quiz đ
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See ya next week, Vincent.
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